Cheap 2003 Lexus RX 300 Insurance Cost

No one in their right mind likes having to buy auto insurance, especially knowing the cost is way too high.

Companies like Geico, 21st Century and Progressive constantly blast consumers with ads and it is difficult to ignore the flashy ads and find the best price available.

Consumers need to compare rates every six months since rates change frequently. Even if you got the best rates for RX 300 insurance a year ago a different company probably has better rates today. Starting right now, block out anything you think you know about auto insurance because I’m going to teach you the quickest way to remove unneeded coverages and save money.

If you currently have a car insurance policy, you should be able to save some money using this strategy. Finding the best rates is not that difficult. But drivers can benefit by having an understanding of the way companies sell insurance online and use this information to your advantage.

Get lower rates on 2003 Lexus RX 300 insurance

Companies don’t always list all their discounts very well, so the following is a list of both well-publicized and the more hidden auto insurance savings.

  • Defensive Driving Course – Completing a course teaching defensive driving skills could possibly earn you a 5% discount if your company offers it.
  • Use Seat Belts – Using a seat belt and requiring all passengers to use a seat belt could save 15% off your PIP or medical payments premium.
  • Homeowners Discount – Being a homeowner can save you money because owning a home is proof that your finances are in order.
  • Distant Student – Any of your kids who attend school more than 100 miles from home and do not have a car can receive lower rates.
  • Theft Prevention Discount – Vehicles with anti-theft systems help deter theft and will save you 10% or more.
  • Accident Forgiveness – A few companies permit an accident before your rates go up if your claims history is clear for a particular time prior to the accident.
  • Multiple Vehicles – Buying coverage for multiple vehicles on one policy could earn a price break for each car.
  • Anti-lock Brake System – Vehicles equipped with ABS or steering control can avoid accidents and qualify for as much as a 10% discount.
  • Early Signing – A few companies offer discounts for signing up prior to your current policy expiration. This can save 10% or more.
  • Auto/Life Discount – Select insurance companies reward you with lower rates if you buy life insurance.

It’s important to understand that most credits do not apply to all coverage premiums. Some only apply to individual premiums such as liability and collision coverage. Just because it seems like all those discounts means the company will pay you, it just doesn’t work that way.

To see a list of insurance companies with the best auto insurance discounts, click this link.

Fast and Easy Insurance Coverage Quotes

To find the best insurance coverage prices, there are several ways to get quotes from local insurance coverage companies. The best way to find competitive 2003 Lexus RX 300 insurance rates consists of shopping online. This is very easy and can be done in just a few minutes using one of these methods.

  1. One of the best ways consumers can analyze rates is an all-inclusive rate comparison click to view form in new window. This form keeps you from doing repetitive form submissions for each company you want a rate for. One form compares rates from multiple low-cost companies.
  2. A different way to compare rate quotes is spending the time to visit each company’s website and complete a new quote form. For sake of this example, we’ll assume you want rates from Liberty Mutual, Safeco and Progressive. To get rate quotes you would need to spend time on each company’s site to input your insurance information, and that’s why the first method is more popular.

    For a list of links to insurance companies in your area, click here.

  3. The least recommended method of getting rate comparisons is to drive around to local insurance agencies. Shopping for insurance coverage online makes this process obsolete unless you want the professional advice of a licensed agent. Drivers can price shop your coverage online but still have the advice of a local agent.

However you get your quotes, make darn sure you compare the exact same coverage limits and deductibles for every quote you compare. If you compare different deductibles it will be very difficult to make a fair comparison for your Lexus RX 300. Slightly different coverage limits can result in a big premium difference. Just keep in mind that comparing more company’s prices will enable you to find a lower rate.

Tailor your coverage to you

When choosing coverage for your vehicles, there really is not a cookie cutter policy. Everyone’s needs are different and a cookie cutter policy won’t apply. These are some specific questions can help discover whether you could use an agent’s help.

  • Why does it cost so much to insure a teen driver?
  • Why do I only qualify for high-risk insurance?
  • Does liability extend to a camper or trailer?
  • Does my car insurance cover rental cars?
  • How can I get my company to pay me more for my totalled car?
  • Should I buy more coverage than the required minimum liability coverage?
  • Does my policy cover me when driving someone else’s vehicle?
  • Should I file a claim if it’s only slightly more than my deductible?

If you can’t answer these questions but you think they might apply to your situation, you might consider talking to a licensed agent. To find lower rates from a local agent, take a second and complete this form or you can also visit this page to select a carrier

Specifics of your car insurance policy

Understanding the coverages of your car insurance policy helps when choosing the best coverages at the best deductibles and correct limits. The coverage terms in a policy can be confusing and even agents have difficulty translating policy wording. These are the normal coverages offered by car insurance companies.

Comprehensive insurance

This coverage pays to fix your vehicle from damage OTHER than collision with another vehicle or object. You first must pay your deductible then your comprehensive coverage will pay.

Comprehensive insurance covers things such as a broken windshield, damage from flooding, falling objects, fire damage and theft. The maximum payout a car insurance company will pay at claim time is the cash value of the vehicle, so if your deductible is as high as the vehicle’s value consider removing comprehensive coverage.

Auto liability

Liability insurance can cover damages or injuries you inflict on people or other property in an accident. It protects you against claims from other people. It does not cover your injuries or vehicle damage.

It consists of three limits, bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. As an example, you may have limits of 100/300/100 that means you have $100,000 bodily injury coverage, a per accident bodily injury limit of $300,000, and property damage coverage for $100,000.

Liability can pay for things such as medical services, court costs and bail bonds. The amount of liability coverage you purchase is your choice, but it’s cheap coverage so purchase as much as you can afford.

Collision coverage protection

This coverage will pay to fix damage to your RX 300 from colliding with another vehicle or an object, but not an animal. You have to pay a deductible then the remaining damage will be paid by your insurance company.

Collision can pay for claims such as colliding with a tree, sustaining damage from a pot hole, driving through your garage door and crashing into a building. Collision coverage makes up a good portion of your premium, so consider dropping it from older vehicles. It’s also possible to raise the deductible to bring the cost down.

Med pay and Personal Injury Protection (PIP)

Med pay and PIP coverage provide coverage for bills for things like hospital visits, X-ray expenses, EMT expenses, surgery and rehabilitation expenses. They are often used to cover expenses not covered by your health insurance plan or if you do not have health coverage. Medical payments and PIP cover you and your occupants and will also cover if you are hit as a while walking down the street. PIP is only offered in select states and gives slightly broader coverage than med pay

Uninsured/Underinsured Motorist (UM/UIM)

This gives you protection when the “other guys” are uninsured or don’t have enough coverage. Covered losses include injuries to you and your family and damage to your Lexus RX 300.

Due to the fact that many drivers only purchase the least amount of liability that is required, it only takes a small accident to exceed their coverage. That’s why carrying high Uninsured/Underinsured Motorist coverage is very important.

Don’t be a big spender

We just showed you quite a bit of information on how to reduce 2003 Lexus RX 300 insurance prices online. The key concept to understand is the more you quote, the better chance you’ll have of finding lower rates. You may even discover the lowest rates come from some of the smallest insurance companies. They may cover specific market segments cheaper than their larger competitors like State Farm, Geico and Nationwide.

When shopping online for insurance coverage, do not buy less coverage just to save a little money. There have been many situations where an insured cut full coverage only to regret at claim time that the few dollars in savings costed them thousands. Your aim should be to get the best coverage possible at an affordable rate.

For more information, feel free to browse the following helpful articles: